FOOCH'S NOTE 1:00pm: The 49ers have confirmed it, although terms were not released by the team. More to come on this
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According to profootballtalk.com alex smith has agreed to redue his deal today. It is around 2-3 a year for two years. I am happy it frees up some more money now onto Jonas Jennings I hope. Here is the article
At a time when one of Tom Condon’s high-profile clients is contemplating taking a salary haircut in order to stay with a California team, another high-profile Tom Condon client has opted to reduce his compensation in order to keep his job.
Per a league source, the 49ers have agreed to a new two-year deal with quarterback Alex Smith, the No. 1 overall pick in the 2005 draft.
Though specific numbers are not yet available, we’re told that it’s normal two-year money for a backup-type deal, but all in all a fair package.
Our guess is that Smith will make something like $2 million to $3 million per year.
It’s not chump change, but the tables definitely have turned since Smith was the first pick, and Aaron Rodgers did the green room slide.